Red Hat's (RHT) FQ4: The company's deferred revenue balance hit $946.7M, +16% Q/Q and +23% Y/Y, and representing a major pickup in growth from FQ3. This contributed to free cash flow of $114.1M, nearly twice the company's $57.2M in net income. Gross margin hit 85%, up 200 bps Y/Y. $76.3M worth of shares were repurchased. RHT +5.3% AH
Paychex (PAYX): FQ3 comes in line with estimates on a 4.1% increase in revenue. Total service revenue increased 8% to $558.5M, while Human Resource Services revenue increased 12% to $172.0M. -1.4% AH
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